The seventh amendment to the Rights Plan received formal backing during the company’s 2026 annual meeting on June 18. By maintaining this mechanism, Centrus Energy seeks to prevent an "ownership change" under U.S. federal tax codes. Under these regulations, if stockholders owning 5% or more of the company increase their collective stake by over 50% within a rolling three-year window, the company’s ability to utilize its tax assets could be severely curtailed.
Centrus Energy Extends Tax Asset Protection Plan Through 2029
Bethesda-based nuclear fuel supplier Centrus Energy Corp. has secured stockholder approval to extend its Section 382 Rights Agreement until June 30, 2029. The move aims to protect the company’s significant net operating loss carryforwards from potential federal tax limitations triggered by rapid shifts in equity ownership.
This protective measure mirrors strategies employed by other public firms holding substantial tax assets. Investors can review the technical specifics of the amendment in the forthcoming Form 8-K and Form 8-A filings submitted to the Securities and Exchange Commission. Centrus, which has supplied nuclear fuel for over 1,850 reactor years since 1998, continues to focus on expanding domestic uranium enrichment capabilities to meet national security and carbon-free energy demands.
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